Mock revision
- Created by: drake18
- Created on: 02-12-13 12:10
Other questions in this quiz
2. What is market segmentation?
- The individual buying the right to the franchise
- A technique where the market is broken down into smaller sections with similar characteristics
- The sale of the right to use a business idea by an existing business
- The cost of the next best alternative forgone
3. How do you calculate total contribution?
- Selling price x Number of items sold
- Contribution per unit x Number of items sold
- Sales revenue - Total costs
- Fixed costs / (Selling price per unit - Variable cost per unit)
4. How do you calculate sales revenue?
- Sales revenue - Total costs
- Selling price x Number of items sold
- Selling price per unit - Variable cost per unit
- Fixed costs + Variable costs
5. How do you calculate break-even output?
- Selling price x Number of items sold
- Fixed costs / (Selling price per unit - Variable cost per unit)
- Sales revenue - Total costs
- Contribution per unit x Number of items sold
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